Rand Paul rages at the Fed's 'attack dogs'

Sen. Rand Paul (R-Kentucky) just said he's even more "inspired to
fight" the Federal Reserve than ever.

The likely 2016 presidential contender and prominent Fed critic
fired off tweet after tweet on Friday blasting "Big Government
cronies" pushing back against his legislation that would audit
the Fed.

"The Fed's attack dogs are hurling insults yet again. If
anything, I'm more inspired to fight," Paul wrote. "It's
time to knock down the Fed's wall of secrecy and find out where
the endless supply of printed money goes!"

Paul's office did not respond to multiple requests for comment on
what, specifically, prompted his tweets. However, one of Paul's
later messages slammed the White House for calling his
audit-the-Fed legislation "dangerous." This might be a reference
to Jason Furman, chairman of Obama’s Council of Economic
Advisers, who
dismissed Paul's "dangerous" bill last week.

The Fed's critics accuse it of unnecessary secrecy, which they
say leads to the corruption of US economic
policy. Accordingly,
Paul's audit legislation aims to make the Fed's regular
decisionmaking processes that dictate monetary policy more
transparent. However, Paul's critics insist he's leading an
irresponsible fight that undermines one of the most important
economic institutions in the world. Opponents of the legislation
also note the Fed's holdings are all made public and are audited.

Paul has been doing battle
with several of the Fed's defenders in recent days. According to
The Hill, the Fed isactively
lobbyingagainst Paul's
legislation. Additionally, Paul and Politico engaged in a notable
back-and-forth this week after the news site published a piece
that accused Paul of
overstating a number of his criticisms of the Fed. On
Thursday, Paul
did an interview with conservative talk-show host Glenn Beck,
who dismissed the Politico article as a "massive hatchet
job."